OECD tax burdens on wages rising without tax rate increases, OECD Publications, April 2015. Taxes on wages have risen by about 1 percentage point for the average worker in OECD countries between 2010 and 2014 even though the majority of governments did not increase statutory income tax rates, according to a new OECD report. Taxing Wages 2015 says the tax burden has increased in 23 OECD countries and fallen …Read More
Research & Development Expenditure and Personnel in Greece in 2013-Main Indicators
“Research & Development Expenditure and Personnel in Greece in 2013-Main Indicators“, National Documentation Centre, March 2015. This summary report presents the final figures for the main Research and Development (R&D) Expenditure and Personnel indicators in Greece in 2013. Data presented in this report have already been transmitted to Eurostat (Commission Regulation 995/2012). Relevant posts: Primeri, Ε. (2015) “Opening of national research programs: different national answers to international pressures?“, Europe …Read More
PHASE 3bis Report on Implementing the OECD Anti-Bribery Convention in Greece
Organisation for Economic Co-operation and Development (OECD) PHASE 3bis Report on Implementing the OECD Anti-Bribery Convention in Greece, March 2015. EXECUTIVE SUMMARY The Phase 3bis Report on Greece by the OECD Working Group on Bribery evaluates and makes recommendations to Greece on its implementation of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments. The Report results from the Working Group’s exceptional …Read More
Greece: Solidarity and Adjustment in Times of Crisis
Giannitsis, Τ. & Zografakis, S. (2015) “Greece: Solidarity and Adjustment in Times of Crisis“, Hans-Böckler-Stiftung, IMK Studies, Nr. 38., Düsseldorf: March. This report attempts to examine the impact of the crisis and crisis policies on incomes, inequality and poverty in Greece. Based on extensive income and tax data, it investigates changes in incomes, direct, indirect and property taxation and their incidence between 2008 and 2012-13, their impact on pre- …Read More
Economic Impact of Late Payments
Connell, W. (2014) Economic Impact of Late Payments, European Commission – European Economy, Economic Papers 531|Σεπτέμβριος 2014. Delays in payments in Business to Business (B2B) and Government to Business (G2B) transactions generally have an adverse effect on the cash-flow of firm and can cause firms, particularly small ones, to seek extensions of their overdraft facilities and increase their borrowing. Late payment of commercial debt can play a significant role …Read More
Market Reforms at Work in Italy, Spain, Portugal and Greece
European Commission (2014) “Market Reforms at Work in Italy, Spain, Portugal and Greece“, European Economy 5|2014, Economic and Financial Affairs, September. As part of the response to the crisis, a significant number of market reforms were introduced to boost economic activity and competitiveness. The intense reform effort appears to be showing early signs of effectiveness in some of Europe’s most vulnerable countries. Insufficient reform efforts in the years before …Read More
Η Ελληνική Οικονομία
ELSTAT (2014) “The Greek Economy“, Hellenic Statistical Authority, 27 June. The Greek Economy ppublication aims to provide the latest key economic information on Greece in a clear and comprehensive manner. Written in both the Greek and English languages, it is designed for users of statistics who seek updated information on recent economic developments, as well as long-term economic trends. It provides information on major economic indicators and time series compiled …Read More
Full coverage of projected financing gap possible up to at least 2020, without recourse to a new aid package from official lender
Monokroussos, P. (2014) “Full coverage of projected financing gap possible up to at least 2020, without recourse to a new aid package from official lender“, Greece Macro Monitor, Eurobank Global Markets Research, 18 June. In their latest reviews of Greece’s economic adjustment programs, both the European Commission and the IMF project a financing gap in the general government accounts to arise in the second semester of next year, amounting …Read More
European Economy: The Puzzle of the Missing Greek Exports
Böwer, U., Michou, V. & Ungerer, C. (2014) “European Economy: The Puzzle of the Missing Greek Exports“, Economic Papers 518, European Commission, June 2014. Why is Greece such a surprisingly closed economy? We employ a gravity model of trade to explain the appallingly poor export performance of Greece and argue that weak institutional quality accounts for a large part of this shortfall. Using a rich dataset of bilateral value-added …Read More
Fiscal multiplier, automatic stabilizers and public debt: A simulation exercise for Greece
Monokroussos, P. (2014) “Fiscal multiplier, automatic stabilizers and public debt: A simulation exercise for Greece“, Greece Macro Monitor, Eurobank Global Markets Research, 12 May. While a vast volume of theoretical and empirical work exists on the effects of fiscal policy on economic activity, the feedback effect from growth to fiscal aggregates, and in particular to government debt, has received less attention. This issue is becoming increasingly important in this …Read More